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Which of the following accounts is/are prepared for net profit?

3117Easy DSSSB TGT Computer Science 0 replies 2 views

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Which of the following accounts is/are prepared for net profit?

AProfit and loss account
BTrading account, profit and loss account and balance sheet
CTrading account
DBalance sheet

Correct answer: A

Explanation

The profit and loss account is prepared to find the net profit.

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